The daily chart for $BTC currently shows characteristics of high-level stagnation:

The moving average system maintains a bullish arrangement, but the MACD red momentum bars continue to shrink.

Prices are running closely along the upper Bollinger Band, with overbought signals continuously accumulating.

The four-hour chart has formed an ascending wedge, a pattern that requires extra caution when it appears at historical highs.

I believe there are currently two possibilities:

1. A trap for buyers: The main force repeatedly draws a line at the 105000 mark, attracting funds chasing higher prices.

2. A mid-air refueling: After a brief adjustment, a new offensive begins.

However, based on on-chain data monitoring, the net inflow to exchanges has increased by 87% over three days, which is usually not a good sign.